The Congress party on Monday (2 December) was sent a show-cause notice by the Income Tax (IT) department on charges of receiving Rs 170 crore in form party funding via hawala channels, India Today has reported.
This black money was allegedly funnelled to the party via a Hyderabad based firm. The funds were allegedly siphoned-off by the company from government projects using bogus billings.
The show cause notice was served by the IT department after the party had failed to furnish the required documents to establish flow of money. The IT department had also summoned four Congress leaders last month but they decided not to show up.
As per a Press Trust of India report, this development is part of an IT probe into a Rs 3,300 hawala racket which was unearthed last month.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.